Studio City Announces Earnings Release Date

Rhea-AI Summary

Studio City International Holdings Limited (NYSE: MSC) will announce its unaudited financial results for Q3 2022 on November 2, 2022. The company operates an integrated resort in Cotai, Macau, and is supported by its largest shareholder, Melco Resorts & Entertainment. The press release mentions the impact of the COVID-19 pandemic, local gaming law changes, and overall market conditions as factors that could affect future performance. Investors should be aware of potential risks that may lead to discrepancies between projected and actual results.

Positive

• None.

Negative

• Risks related to COVID-19 and its impact on business operations.
• Uncertainties arising from newly adopted gaming laws in Macau.
• Concerns about local and global economic conditions affecting growth.

MACAU, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC), a world-class integrated resort located in Cotai, Macau, today announces that it will release its unaudited financial results for the third quarter of 2022 on Wednesday, November 2, 2022.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) the global COVID-19 outbreak, caused by a novel strain of the coronavirus, and the continued impact of its consequences on our business, our industry and the global economy, (ii) risks associated with the newly adopted gaming law in Macau and its implementation by the Macau government, (iii) growth of the gaming market and visitations in Macau, (iv) capital and credit market volatility, (v) local and global economic conditions, (vi) our anticipated growth strategies, (vii) gaming authority and other governmental approvals and regulations, and (viii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

About Studio City International Holdings Limited

The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com.

The Company is strongly supported by its single largest shareholder, Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO).

For the investment community, please contact:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email: jeannykim@melco-resorts.com

For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

FAQ

What are the upcoming financial results announcement dates for MSC?

Studio City International Holdings Limited will release its Q3 2022 financial results on November 2, 2022.

How has COVID-19 impacted MSC's business?

The company acknowledges COVID-19's ongoing impact on its operations, which may affect financial performance.

What risks does MSC face from new gaming laws?

The newly adopted gaming laws in Macau pose uncertainties that could affect MSC's operational growth.